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Go Big or Go Home

Name: Go Big or Go Home
Uploaded: 2024-02-26T17:00:07+00:00
Duration: 46 s
Channel: Royston G King
Description: In this monologue, the speaker argues that delivering hot food is a clear advantage over cold food, based on customer complaints and testing of multiple…

26 Feb 2024 · 1 min

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In this monologue, the speaker argues that delivering hot food is a clear advantage over cold food, based on customer complaints and testing of multiple delivery systems. They emphasize having high confidence in the business’s significant market potential, which they view as a prerequisite for taking venture capital. The speaker warns that once venture capital is accepted, investors will demand either massive growth or failure, pushing companies toward a $100 million revenue target, whereas many businesses could be profitable at much smaller scales.

Chapters

We knew that hot food was going to be better than cold food and that that was a big complaint of the people we were delivering for. We knew what type of delivery system could work because we had tested 2 or 3 different types. And we had high confidence. Most importantly, we had high confidence that this was a business that had a very significant potential. And if you don't have high confidence that it has significant potential, you can't take on venture capital because as soon as you take on venture capital, they're going to force you to either either succeed or die. And like most companies don't need to become a billion dollars to become profitable. They can be profitable at $100,000 revenue, $50,000 revenue, $500,000 revenue, whatever is your goal. But once you take venture capital, you cannot stop until you get to $100 million in revenue.